Williamston, SC Cost of Living

Williamston cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Williamston, SC cost of living index. The overall cost of living index in Williamston, SC is 89, which is 8% lower than the South Carolina average and 11% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Williamston, SC are 3% higher than the South Carolina average and 9% higher than the national average.

Did you know?

The cost of living in Williamston is 8% lower than the South Carolina average.

The cost of living in Williamston is 11% lower than the national average.

The cost of housing in Williamston is 43% lower than the national average.

South Carolina general sales tax is 18% higher than the national average.

South Carolina state income tax is 100% lower than the national average.

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Compare Williamston, SC Cost of living To Other Cities

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Williamston, SC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Williamston, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Williamston, SC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$44,007

$3,667

$1,027

$1,320

Renters

$27,019

$2,252

$630

$811

The affordability of the housing market in Williamston, SC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Williamston, SC homeowners, the median income is $44,007. This indicates that a monthly maximum of $1,027 should be spent by homeowners on all housing related costs. Renters have a median income of $27,019. This indicates that renters should have a maximum of $630 used for their rent related monthly costs.

South Carolina Sales Tax

State

General Sales Tax

With Max Surtax

South Carolina

6%

9%

South Carolina Income Tax

State

Income Tax (Low)

Income Tax (High)

South Carolina

0%

7%

The South Carolina sales tax and South Carolina income tax rates should definitely be considered when determining the overall cost of living in Williamston, SC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The South Carolina sales tax is 6% and the maximum surtax is 9%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

Item

Williamston

National avg.

Difference

Haircut

$15.78

$15.56

1.4%

Beauty Salon

$31.00

$36.11

14.2%

Toothpaste

$2.69

$2.47

8.9%

Shampoo

$1.09

$0.96

12.6%

Movie

$9.87

$10.13

2.5%

Bowling

$3.50

$4.74

26.1%

Groceries

Item

Williamston

National avg.

Difference

Ground Beef

$4.54

$3.98

13.9%

Fried Chicken

$1.50

$1.41

6.4%

Milk

$2.13

$2.06

3.0%

Potatoes

$3.42

$2.98

14.7%

Pizza

$8.99

$9.47

5.1%

Beer

$9.19

$8.79

4.5%

Health Care

Item

Williamston

National avg.

Difference

Optometrist

$85.39

$101.04

15.5%

Doctor

$112.00

$107.44

4.2%

Dentist

$81.00

$90.42

10.4%

Ibuprofen

$10.32

$9.28

11.2%

Lipitor

$432.49

$426.50

1.4%

Housing

Item

Williamston

National avg.

Difference

Home Price

$90,700.00

$175,700.00

48.4%

Avg. Mortgage Payment

$742.26

$1,133.23

34.5%

Apartment Rent

$647.00

$920.00

29.7%

Transportation

Item

Williamston

National avg.

Difference

Gasoline

$1.72

$1.99

13.7%

Tire Balancing

$45.77

$45.76

0.0%

Utilities

Item

Williamston

National avg.

Difference

All Electricity

$137.72

$163.81

15.9%

Phone

$30.31

$28.39

6.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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